Wednesday, 24 June 2009

has the Won won? Tibbids

South Korea issued a 50.000 won banknote. It took a while but the value of the 10.000 won note has shrunk to 7.80 USD. What with inflationary pressure?

The Banker published his top-1000 banks by Tier 1 standards.
Tier 1 is common stock, preferred stock and hybrid debt-equity instruments.
JP Morgan Chase ranks first and Bank of America second. Of course, with a little help a friendly government reaching the top is easy.


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